Mentioned:
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Are drones and robots the future of local deliveries? Serve Robotics and Wing are partnering up to prove exactly that.

‍What’s happening:‍

  • Serve Robotics (NASDAQ: SERV) has partnered with drone delivery company Wing for a new potential breakthrough in short distance fully autonomous deliveries

How it works:‍

  • Serve Robotics will use their fleet of autonomous robots to bring packages to one of Wing’s AutoLoader stations, where a Wing drone will then pick it up
  • Once a Wing drone has loaded the package, it is then capable of flying it autonomously anywhere within six miles to deliver it

Why it matters:‍

  • The new partnership between Serve Robotics and Wing could represent a new paradigm in how packages are delivered locally, removing the need for fossil fuel powered vehicles or human labour
  • Wing is one of the most advanced private drone delivery companies in the world and is owned by Google’s parent company Alphabet (NASDAQ: GOOG)

Going deeper:‍

  • Serve Robotics has been one of the first movers in the public markets to find commercial applications for fully autonomous robotics deliveries, which has led to partnerships with Uber (NASDAQ: UBER) and Shake Shack (NYSE: SHAK)
  • Wing has also been rolling out new partnerships, previously launching a pilot project in collaboration with DoorDash (NASDAQ: DASH) to deliver food to DoorDash customers in Christiansburg, Virgina who ordered from a nearby Wendys

The intrigue:‍

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